01-09-2023 12:49 PM | Source: Religare Broking Ltd
Stock of the day: Buy Hdfc 2600 PE For Target Rs.48 By Religare Broking
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HDFC Ltd

* We are seeing noticeable pressure in the banking and financial basket and HDFC has also resumed the trend.

* It has witnessed a breakdown from a consolidation range of 2600-2730, after spending nearly two months.

* The chart structure and weakness in the financial pack are adding to the confirmation.

* We thus suggest creating fresh shorts through the Put option in the given range.

BUY Hdfc 2600 PE CMP (Rs):34  Range:28-30  SL:20  Target:48

 

Technical Chart : Daily

 

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